Crypto portfolio update

Exposure: 100.0%

Net return: 1560.6%

Comments: BTC has been ranging around its previous ATH:

The BTC dip this week has also caused altcoins to pull back quite aggressively, causing much anguish amongst many - I'd say most - token holders.

To no one's surprise, this has led many bearposters to once again come out to express their bearish outlook and make short calls all over social media. All in all, there's a noticeable shift in sentiment as weak hands capitulate over a field of red across the board.

I'm not one for blind optimism, but it seems to me that the ongoing anxiety (panic?) is an overreaction. If anything, BTC is simply doing what it has done in prior cycles before going into price discovery mode.

Here's how BTC behaved in the prior two cycles as it approached the previous ATH, just before exploding to new highs:

Compare these with what BTC is doing today:

So I'm actually not too worried about the broad crypto market right now. In fact, I'm rather bullish for the coming few weeks.

And as long as you're holding coins with solid fundamentals you have high conviction in, you should be too.

Current allocation:

 "The new DFK"

Last week I publicly shared my views on Crypto Valleys (CV), a new project dubbed as "the next DFK".

Two weeks prior to this, I'd already shared my views in the private group but since people kept asking me about it, I decided to post a thread to elaborate on my thoughts.

Click here to read it.

The two biggest arguments to my thread are:

1. CV is not trying to be DFK, it's something completely different
2. The locked/unlocked tokenomics behind CV is materially different from that of DFK

Regarding the first point, I encourage anyone who's participated in DFK to go to the CV website and see (and hear the music) for yourself. The similarities are too glaring to be a coincidence.

In my view, anyone (especially team members) who say CV is "completely different" from DFK isn't being honest.

Regarding the second point, anyone can have opinions about whether the tokenomics is "different", since there's no single measure for what "different" means.

So I'll just let you compare the JEWEL chart vs the YIELD chart (YIELD is the CV token) and see how "differently" things turned out:

In my thread I explained why the YIELD chart will likely turn out to be a sped up version of the JEWEL chart, as people have learned to front run the dumping of the farm token (rather than hold it).

Anyone who says CV "isn't like" DFK has a mountain of facts and evidence to explain away.

The best comment was perhaps from this guy who tried to dismiss my entire thread by ignoring every single point and crying "engagement farming":

It also looks like he isn't familiar with my lore.

As I've said before, I don't get many things right in crypto... but I got a lot right about DFK and its derivatives (shoutout to my final words on DFK).

Anyone can come up with "reasons" to defend their views... but when your bags are down -87% three weeks after launch, perhaps the sensible thing to do is admit you were wrong.

Admin update

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🦈 Survival tips that will get you killed

Some commonly cited yet wrong survival tips you should know about (and what to do instead):

 Quote of the week

Be regular and orderly in your life so that you may be violent and original in your work.

- Gustave Flaubert

Thanks for reading, and have a great weekend.

Cheers,
Slowmad

P.S. If you have any questions or feedback, let me know at: chris[at]digitalslowmad[dot]com

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